Authored by Alasdair Macleod via,

Our proprietary gold price model has done a very good job tracking gold prices since we introduced it to our readers for the first time in 2016. As we have explained before, the intent of our gold price model is not to provide trading signals. Instead, we find the model a very useful tool to thoroughly understand the basic drivers of gold prices. Over the years, we have written extensively about the relationship between the price of gold and the underlying variables we identified. Readers can catch up on these discussions in our three-part framework report here (Gold Price Framework Vol. 2: The energy side of the equation, 28 May 2018), here (Part II, 10 July 2018) and here (Part III, 24 August 2018), as well as some follow up reports that built on the model (Gold Price Framework Update – the New Cycle Accelerates, 28

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